ShepWave Important Updates for Monday. TIME-CYCLE TURN--MORE VOLATILITY and SUDDEN Market Action Coming!
by ShepWave.com
Posted: 6/29/2018 23:06 EST
The Pre-market / Intra Day Update for Monday has now been published. Remember this week is critical for technicals and in particular we should be ready for some more short term whip-saw activity. Watch Monday's open carefully. As of now (10:50 PM ET Sunday, USA) the futures are in the positive. Remember what we initially look for as a default of sorts on gap up opens. Also--note the short term wave pattern that will probably need to complete prior to seeing a new short term wave pattern begin. In particular--carefully read the notes in the 60 minute DOW INDUSTRIALS chart regarding a possible Island Pattern from a few weeks ago. So far so good. But don't get over confident yet. Log In at http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave Update.
The Second ShepWave Update for Monday has been published. The Regular Update, showing daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX.
Notice the SIGNALS we saw early this past week, and just how quickly some key support areas were hit. Read the notes and analysis in the Dow Transportation index closely--then--read the notes and comparative analysis in the other indexes (viz. $INDU and $SPX).
WTI-CRUDE OIL saw an OUTSIDE UP WEEK ending on June 22. This past week Crude Oil continued to rally.
The OUTISDE DOWN WEEK technical pattern in Gold from two weeks ago--brought selling--this too could change quickly.
It is recommended for newer subscribers to go through past updates to get a feel for what technical information has brought us up to this point.
ShepWave analysis is always building upon previous technicals and analysis.
As a note of caution: There are a lot of analysts who try to predict wave counts. Please be careful of doing that. It is good to understand the dynamics and underlying principles of Elliott Wave Theory but in the labeling of wave patterns, remember that no pattern or wave count is official until the next wave series begins. So many otherwise really good analysts seem not to understand this simple concept with regards to Elliott Wave Theory. The key is to follow the appropriate Trade Triggers as given by ShepWave analysis.
Log In at www.shepwave.com for Monday's ShepWave Updates
Regardless of any TIME-CYCLE TURN DATE speculations (or expectations) we may be tempted to have--we need to be playing the technicals as usual.
The Special ShepWave Update for Monday has been published. This update shows the weekly time frame analysis for the major U.S. equity indexes as well as for Crude Oil and for Gold.
A lot of traders/investors/analysts have been trying to call the top in the major U.S. equity indexes for years now--only to fail attempt after attempt. Please read the notes in this update carefully. Remember, any bullish or bearish implications we are seeing on the weekly time frame for equities need to be kept in context when considering shorter term trades.
Regarding the possible TIME-CYCLE TURN DATE:Stay objective. These whip-saw moves we are seeing in the equity indexes and in the commodities were anticipated--and are common at key market junctures.
If you are making any assumptions for the upcoming potential TIME-CYCLE TURN DATE--and any possible effects it will have on the markets--FORGET IT! This is such an important time in the markets that we will need to take all of the signals as they come.
These next few weeks could be the most important few weeks we have seen a quite a while with regards to the major U.S. equity indexes and the commodities, namely, Gold and WTI CRUDE OIL.
Remember the Trump election of November 2016? The Dow Industrial futures were down over 1,000 points below fair value on the night of the election. That was the lowest they have been since. After that date we saw what had been a key resistance line become the major support line over the past year and a half.
DO NOT--make any assumptions as to the result that will come out of this possible TIME-CYCLE TURN DATE.
Point: the moment when you have everyone expecting a particular action or reaction out of the markets--you can just about always count on the opposite happening.
Just an example: remember we saw an OUTSIDE DOWN WEEK for WTI CRUDE OIL for the week ending on 5/25/2018--and then the week ending on 6/22/2018 WTI CRUDE OIL saw an OUTSIDE UP WEEK.
Log In at www.shepwave.com for Monday's ShepWave Updates.
IMPORTANT: the implications we will see in the weekly charts of the Russell 2000 and Nasdaq Indexes making new all time highs need to be taken carefully.
$169 SIX MONTH ShepWave Subscription Special.
ShepWave $169 SIX MONTH Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 15 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the six months will automatically be added to your expiration date.]
15 Year Anniversary
| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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